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18.06.26 - 01:00
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Rare Earth Stocks Pop After G7 Unveils Plan To Reduce Dependence On China For Critical Minerals (ZeroHedge)
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Rare Earth Stocks Pop After G7 Unveils Plan To Reduce Dependence On China For Critical Minerals
Rare earth stocks spiked on Wednesday after G7 leaders agreed to strengthen coordination on critical minerals as they seek to reduce dependence on China-dominated supply chains, according to a new report from Reuters.
Without naming China directly, the group set a goal of limiting reliance on any single external supplier of rare earths and permanent magnets to less than 60% by 2030, with a longer-term target of 50%.
Reuters reports that to support that effort, the G7 plans to align critical mineral stockpiling strategies, beginning with lithium and nickel, and establish a new platform for policy coordination, data sharing, market monitoring, and crisis response. The platform will work closely with the International Energy Agency, which will provide analysis and early warnings of supply disruptions and market distortions.
The group also pledged to support investment across the entire critical mineral...
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17.06.26 - 03:24
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Lower Open Anticipated For China Stock Market (AFX)
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BEIJING (dpa-AFX) - The China stock market on Tuesday ended the two-day winning streak in which it had jumped almost 110 points or 2.7 percent. The Shanghai Composite Index now sit just above the ......
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16.06.26 - 16:21
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Chinese Stocks, Yuan Drop After Dismal Data Dump: Worst Retail Sales Since COVID (ZeroHedge)
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Chinese Stocks, Yuan Drop After Dismal Data Dump: Worst Retail Sales Since COVID
China's consumer spending and investment slumped in May to levels unseen since the pandemic, exposing risks for an increasingly two-speed economy, as Bloomberg's Chang Shu and Eric Zhu noted:
"The supply side remains robust, driven by faster-than-expected expansion in exports and AI tech sectors.
The demand side has faltered, with consumption and private non-tech investment plummeting."
Here's the details:
Industrial Production
Industrial production (IP) growth rose modestly to 4.5% yoy from 4.1% yoy thanks to stronger-than-expected exports, although automobile output growth remained weak and the ongoing global energy shock continued to weigh on chemical-related manufacturing output. In sequential terms, IP gained 0.2% mom non-annualized in May based on our estimates (vs. -1.1% mom non-annualized in April).
By industry, the April-to-May acceleration in year-on-year IP growth was led by faster output...
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16.06.26 - 11:00
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Asian Shares Mixed As China Data Disappoints (AFX)
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BEIJING (dpa-AFX) - Asian stocks turned in a mixed performance on Tuesday as investors paused to assess the durability of the relief rally fueled by the long-awaited U.S.-Iran preliminary deal to ......
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16.06.26 - 07:57
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ROUNDUP 2: Autoverkäufe in China brechen ein - droht eine Trendwende? (DPA-AFX)
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Laut jüngsten Daten des chinesischen Verbands für Personenkraftwagen (CPCA) wurden in China im Mai nur noch rund 1,5 Millionen Fahrzeuge verkauft - ein Minus von 22 Prozent verglichen mit demselben Vorjahresmonat. Zwischen Januar und Mai sanken die Verkäufe zudem um fast 20 Prozent gemessen am Wert desselben Vorjahreszeitraums.. --- Hinzu kommt die schwache Konsumstimmung. Viele Verbraucher halten sich zurück. Die in China andauernde Immobilienkrise belastet Vermögen und Vertrauen. Laut Keim haben viele Kunden mit Kreditrückzahlungen aus Immobiliengeschäften zu kämpfen. Ein Auto ist für viele Haushalte damit eine Anschaffung, die sich leichter verschieben lässt.. --- Ein wichtiger Ausweg ist deshalb der Export. Allein im Mai stiegen die Pkw-Ausfuhren laut CPCA um rund 75 Prozent. Besonders in Mittel- und Südamerika, Australien, Südostasien und Afrika sieht Cui große Chancen für chinesische Hersteller..
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16.06.26 - 05:48
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Chinese metal producer MMG to raise US$1.6 billion selling stocks and bonds (SCMP)
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MMG, the offshore metal-producing unit of state-backed China Minmetals Corp, plans to raise a combined US$1.6 billion selling placement shares and convertible bonds to fund business expansion amid rising demand for metals driven by artificial intelligence (AI) infrastructure buildout.
The company, which produces metals including copper, zinc and gold, planned to rake in HK$6.27 billion (US$800.4 million) from a placement of 705.9 million shares through the Hong Kong stock exchange. It also......
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